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August 26th - As oil prices fell, market expectations for a Bank of England interest rate hike in 2026 were slightly lowered. Negotiations between Iran and Oman regarding the reopening of the Strait of Hormuz contributed to the drop in oil prices, easing inflation concerns. LSEG data shows that the market now expects the Bank of England to raise interest rates by a cumulative 23 basis points by the end of the year, a 2 basis point decrease from Tuesdays forecast.Futures Market News, August 26th: Urea prices are expected to remain weak in the near term, while diammonium phosphate and compound fertilizer prices may rise, and potassium chloride prices are expected to remain stable. Urea plant operating rates remain high, resulting in ample market supply. Agricultural demand is relatively weak, and prices are expected to remain weak in the short term. Diammonium phosphate prices are expected to remain high, with a slight upward potential, due to high raw material prices for sulfur and phosphate rock, coupled with increased demand for fertilizers for autumn agricultural production. Potassium chloride port inventories remain high, resulting in ample market supply, and prices are expected to remain stable. Compound fertilizer plant operating rates have increased slightly, with strong overall support from raw material prices. Terminal agricultural demand is gradually being released, and grassroots distributors are expected to increase their fertilizer restocking, leading to a slight price increase.Nepalese police say the floods in Nepal have killed at least eight people.International Criminal Court President Akane: It is expected that the Japanese government will provide support to limit the negative impact of US sanctions.August 26th Futures News: 1. Domestic Market: Sugar production for the 2025/26 season is expected to increase significantly, coupled with concentrated imports in the first half of the year, resulting in ample overall supply. The peak summer consumption season will gradually reduce inventory, but increased demand is unlikely to reverse the ample supply situation, and sugar prices will continue to face downward pressure. Since July, major producing areas such as Guangxi and Guangdong have experienced continuous heavy rainfall, increasing uncertainty in later sugar production and the market. 2. International Market: On the one hand, extreme weather has led to prolonged periods of below-average rainfall in India and Thailand, posing a risk of reduced global sugar production. The market has generally lowered its expectations for new year sugar production, tightening global sugar supply. On the other hand, high crude oil prices have increased ethanol production profits, and Brazilian sugar mills lowering their sugar ratios will further tighten sugar supply. Meanwhile, recurring geopolitical conflicts and changes in export policies of major producing countries have increased market uncertainty. International sugar prices are expected to remain volatile.

S&P 500 Continues to Threaten a Breakout

Alice Wang

Jul 20, 2022 14:50

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As we continue to pose a serious danger of a large breakthrough, the S&P 500 has surged pretty considerably throughout Tuesday's trading session.

Technical Analysis of the S&P 500

Due to the continued loud behavior, the S&P 500 has shown its bullishness throughout Tuesday's trading session. Given that the 3900 region runs all the way to 3950, this market will likely continue to be highly loud. Additionally, the 50 Day EMA is also nearing this region, and earnings season is already underway. Or, to put it another way, it's a jumble of issues waiting to happen.


Short-sellers will almost certainly seize on signs of tiredness because, to be honest, the economics does not indicate that this market should rise. Additionally, there are significant issues with liquidity, so you must pay great attention to it as well. Even if the economy does have some impact on the stock market, it really really comes down to liquidity, thus the Federal Reserve's restrictive monetary policy will also have some negative effects.


Wall Street has been pretending for a while now that the US economy has improved, so when it genuinely struggles, it should not come as a major surprise that they are trying to drive the market higher. Keep in mind that Wall Street and the economy are unrelated in any way. Having said that, we have a chance to advance all the way to the 4200 level if we do break over the 4000 level. I believe the trend has shifted above that point.


Alternately, if we go below the 3700 level, it's likely that we will reach the 3640 level, which previously served as a support zone.

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